Credit Suisse Raises $420 Million to Create Mexico Fund

Bloomberg – Credit Suisse Group AG (CSGN) raised $420 million for a new investment fund focused on Mexico, as Switzerland’s second-largest bank taps clients in an economy forecast to grow twice as fast as Brazil’s.

The Credit Suisse Mexico Credit Opportunities Trust raised the money from institutional investors, including some of Mexico’s largest pension funds, Zurich-based Credit Suisse said in an e-mailed statement. The fund, managed by Andres Borrego, will be listed on the Mexican stock exchange, said Suzanne Fleming, a New York-based spokeswoman.